BDC Business purchase or transfer loan
No fixed amount
Loan
Description:
Businesses looking into acquiring a company, engaging in a merger, or expanding by acquiring a competitor can turn to BDC for Business Purchase or Transfer Financing. Business owners are advised to seek the necessary financing and support from experts. This approach ensures a seamless transaction that benefits both the acquiring business and the one being acquired.
Comments on Funding:
This loan can help you:
Purchase an existing business
Sell your business to a family member or a member of your management team
Refinance vendor financing (vendor take-back)
Access extra financing for intellectual property, goodwill and client lists
And more
Continuous Intake
Eligibility:
Applicants must:
1. Be based in Canada
2. Be generating revenue
3. Has good track record
Application Steps:
Applicants must:
1. Submit a loan request online. Tell about your project and provide information about your business.
2. Talk to a representative. BDC will call you to discuss your project in depth, including the documents needed for our analysis.
3. Get a tailored solution After evaluating your application, BDC will send you a loan offer based on your financial needs and capabilities.
Documentation Needed:
No specific documentation has been identified
Other Things to Note:
About the author
Maurice